The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as ___

Related Mcqs:

1. The type of auction which have many buyers and only one seller and the bidder raises the price of an offer is classified as _________?

   A. English auctions
   B. Dutch auctions
   C. equalizing-bid auctions
   D. Australian auctions

2. The price discrimination in which the seller charges different prices for different classes for buyers is classified as ___________?

   A. fourth-degree discrimination
   B. second-degree price discrimination
   C. first-degree price discrimination
   D. third-degree discrimination

3. Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of ________?

   A. One seller, many buyers
   B. One buyer, many sellers
   C. many sellers, many buyers
   D. None of above

4. Considering the Dutch auctions, the technique in which the potential auctioneer offers the lowest to compete, is used in situation of __________?

   A. One seller, many buyers
   B. One buyer, many sellers
   C. many sellers, many buyers
   D. one buyer, one seller

5. The type of trading in which buyers and sellers exchange goods in place of payments is classified as _______?

   A. ascending trade
   B. sealed trade
   C. countertrade
   D. descending trade

6. The type of cost reduction made for buyers who pay their accounts payable promptly is classified as?

   A. cash discount
   B. seasonal discount
   C. functional discount
   D. quantity discount

7. The type of discount made to those buyers who use to buy the products or services that are out of season is classified as?

   A. cash discount
   B. seasonal discount
   C. functional discount
   D. quantity discount

8. The form of countertrade in which seller receives some money and some goods for due payments is classified as _________?

   A. offset
   B. buy back arrangement
   C. barter
   D. compensation deal

9. The form of countertrade in which buyer’s and seller’s exchange goods without involving any third party is classified as _________?

   A. barter
   B. compensation deal
   C. offset
   D. buy back arrangement

10. The price discrimination in which seller charges different prices to different customers on the basis of their demand is classified as __________?

    A. second-degree price discrimination
    B. first-degree price discrimination
    C. third-degree discrimination
    D. fourth-degree discrimination